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assumeEvco, Inc., has a current stock price of $53 and will pay a $2.00 dividend in oneyear; its equity cost of capital is 17%. What

assumeEvco, Inc., has a current stock price of $53 and will pay a $2.00 dividend in oneyear; its equity cost of capital is

17%. What price must you expect Evco stock to sell for immediately after the firm pays the dividend in one year to justify its currentprice?

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